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Stephanie Flanders, chief European market strategist at J P Morgan, thinks that the UK will be the fastest-growing country in Europe for at least the next five years.

However, some economists see a huge bubble in London house prices, and think that that bubble will eventually burst.

And, "as James Meadway of the New Economics Foundation puts it, 'this is definitely not the recovery the coalition wanted or forecast'.

"The breakdown of the latest growth figures showed that business investment - critical for rebuilding a new-style, more productive economy - is down by more than 6% year on year; exports are all but flat, despite the 20% fall in the value of the pound since the crisis; and manufacturing output remains 9% below where it was in 2008..."

7 comments:

According to Money Week... Its the End of Britain! Historically low interest rates and unprecedented debt. Interest rates will rise,-they could shoot up overnight (hitting the banking system, then the housing market, stripping the average person of their savings and homes)... -or interest rates will rise slowly over 10/20 years, gradually strangling the economy, house market and stock market (gradually stripping us ALL of our wealth and buying power one day at a time... probably the most likely)

Im a firm believer you can just build your way out of a depression/recession. Just build shit! -HS2 link (dividing the gap between North and South, bringing more wealth, jobs, investment to Leeds, Manchester, Liverpool)-Thames Estuary Airport (I don't think 'Boris Island' is the way forward... this isn't thunderbirds Boris!)... let's build an airport that'll give the Chinese a hard un!-In fact! Chinese investment Liverpool/Wirral waterfront. There's been talk of Chinese investment in Liverpool Waterfront for almost a decade now... with plans to build a high rise 21st century Liverpool, making it the capital for Chinese investment in Europe.-Our motorways and road infrastructure are in desperate need of repair, most complete rebuilding. What most idiots in Government don't understand is, our motorways where built with a lifespan of 40/50 years, and with traffic increasing every year, simply won't be able to function in 10/20 years... WE NEED A COMPLETE rebuild of our main road infrastructure (the daily repairs being carried out today is just cosmetic... and a pain in the arse!).-Investment and construction in green sustainable energy. It's what everyone wants, it what the planet needs! Put our brightest scientific minds to work in renewable energy, put our engineers to work in building this... we won't have to rely on Russia, OR SCOTLAND! :D

And when it comes to banking... something similar to Glass Stiegel? I don't know much about banking... but I know they shouldn't be playing silly burgers with OUR money! Separate high street banking from investment/merchant banking... don't get me started on banking because their out of control and as long as their free to whatever they want, WE the people always suffer.

and when it comes to housing! Have a Government backed scheme renovating the millions of empty homes throughout Britain! (the Great British Property Scandal shown on Channel 4 last year?). Private companies investing and renovating the surrounding areas.

It's not going to happen, but it should, and WOULD benefit the economy if done properly... LEGALIZE CANNABIS! The Government can make a killing... how much of a drain on our money and resources is it trying to enforce something that I would think, almost a third of todays adults do!

in fact... the more I think about it... a complete rethink on our Governments economic policies, spending, infrastructure, banking, housing, energy, technologies etc is DESPERATLY needed if this country is to be saved from buckling in on itself in 20/30 years time. Things are pretty bleak unless major changes are made!-World class University needs to be open to ALL! (regardless of class upbringing)-Investment in education regarding sciences and technology (get them while their young)

Children should also be made to sing a song every morning to the great leader! 'Oh Daniel Hurley! Our dear leader, you saved this nation from the greed of the Zionist bankers' (Im joking!)